Member Info for JAMESY1980

Was expecting a reaction here to China's reform to currency policy. Widely expected to significantly strengthen CNY and hence WCCs profits in GBPs. Benefit for WCC is that they trade within China so should not be adversely affected by downsides to export of a strong currency. Any thoughts?

Understood thanks. Would it be realistic to expect a placement of over twice the company's current market value? I know I would be uncomfortable with that level and would imagine that the iis would feel the same. I now understand your original post about bringing earnings into line with other cement companies without an increase in SP due to dilution, but you are not taking the cash raised into account. Surely they are not going to sit on over £1/2B in cash for very long and will be investing in a company or infrastructure which should at the very minimum double their earnings. Or am I missing something? IMO WCC are still likely to achieve earnings of over £1.00 per share and a current SP of below £5. Strong buy? I think so.

Can I ask a few questions, as I have kept track of your very knowledgeable postings on WCC throughout my holding and respect your opinion. Has fund raising been mentioned anywhere? What form would fundraising take place and if the situation had been better and relisting had been completed how would the fund raising have been facilitated? Would it need shareholder aproval? If WCC does raise funds, why do you feel it would be a significant amount in relation to Market Cap. What would the cash be used for(From memory debt was not huge)? Your thoughts would be appreciated.

looks like the reason for this sharp drop was down to the postponement of the relisting which i believe the company has decided due to the volatile markets. Whilst this is obviously bad news, I am just relieved that it the drop is not down to any financial or operational problems. Looks like fundamentals remain and P/E is very low. You will require a little more patience to see a tenner here. Still very cheap if it were to trade on AIM indefinitely.

Could resist no longer. Another £4K added. Lots of bargains about today, but none better than WCC IMO.

Wow. Did not expect to see a fiver here. If it were not for the NGrid RI announcement I would have bought another chunk. Can't believe this has fallen to historic P/E of 7. Remember that growth projections are huge for this financial year and average P/E of cement companies on HKex is over 15. Unless I am missing anything this is a major bargain at current price? Is todays drop anything to do with new COO?

"HKEx Listing will occur on or around 24 May 2010". Not sure what will happen between now and delisting. Some may jump to avoid the hassle of trading on HK, or many may buy in close to the date to make a quick buck by flogging on HK after it has soared.

Big drop across my whole portfolio today. Surprised at 5% drop here though. Thought WCC was about as well insulated from Europes woes as you could get. Could be the best buying oppportunity before relisting takes place.

Over 4 percent drop - not the best start to a week however buys still outnumber sells. Too many positives to sell right now. Hold your nerve. GLA

I'd get in ASAP. I'm waiting for £15. I think that these could easily push a tenner in May/June when they are listed in HK. Proselenes is the real expert on these shares as you will see with some of his excellent posts through the discussion thread. He has pointed out previously that cement stocks listed in HK trade on P/Es in the teens. I'm no expert but I can't imagine that these other cement companies have any more impressive growth figures than WCC. Prospective EPS for this year should be well over a pound. Its hard to think of many negatives/challenges. An optomist could say we'd get an EPS of £1.50 this year and in HK could trade on a P/E of 15+ in HK. I'll let you do the sums.

Positive RNS. Nothing new, just confirmation that everything is on track. Peter - I have been here since £1.75. Still feel there is plenty of value left. Looking forward to Hong Kong listing. My only reservation is the 100:1 split. Too much IMO but it does show the confidence that this company have in their future.

Wouldn't worry too much about the litigation. Have a quick scan through this http://securities.stanford.edu/1040/AMGHF_01/2008630_f01c_0801381.pdf. I do not doubt there were irregular goings on at ACMH. I'm not sure how ARGO could be held accountable, especially as ARGO stock was distributed among sufferers in the ACMH saga. I see the buy back has began with 750,000 shares on the 6th Apr. I hope that you are right that the only reason for the current discount is the cascade claim as I believe this will get nowhere.

Could we break the 52 week high today? Why does ARGO not show up on the top risers on the homepage? Is there a Min Market Cap to be included in the table?

Couldn't agree more. As you'll see from the previous posts here I've been in since 8p and share a lot of your thoughts on the current valuation. I thought we would break the 20p mark on the last rise based purely on fundamentals. I certainly didn't see the fall back to my buy in price coming. I hope today is only the start.

Gone very quiet here today. It's been a long time since we've had a full day with no movement at all. Is this the calm before the storm? We are progressing towards my £15.00 target quicker than I expected.

I suppose we were due a retrace. Volumes are still pretty low. Hold on tight for the next rally.

Nice rise. Keep it coming.

Big movements on very small volumes with WCC. Does this mean most folk are in for the long term and very few shares are floating around?

Looks like you were right - we are back on course.

Should've punted this one after the last rise. Can't help feeling that it's going to rocket on some news shortly. Still 40% up at current SP. I've punted too many shares when the line has gone cold, only for news to come out the following week. Director buy in at 17p and fundamentals tell me this is a hold. Don't have the bottle to up my stake, but I could regret that. Anyone else in?